Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Balefire LLC

Balefire LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 63.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,167 shares of the e-commerce giant's stock after acquiring an additional 5,876 shares during the quarter. Amazon.com accounts for approximately 1.0% of Balefire LLC's portfolio, making the stock its 27th largest holding. Balefire LLC's holdings in Amazon.com were worth $2,886,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Prudent Man Investment Management Inc. purchased a new stake in Amazon.com during the fourth quarter valued at about $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc boosted its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 80 shares during the period. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $40,000. Finally, Capitol Family Office Inc. purchased a new stake in shares of Amazon.com during the first quarter worth about $42,000. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Truist Financial increased their target price on shares of Amazon.com from $226.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Wells Fargo & Company increased their target price on shares of Amazon.com from $201.00 to $238.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Benchmark reissued a "buy" rating and issued a $260.00 price target on shares of Amazon.com in a research note on Friday, May 2nd. Evercore ISI decreased their price target on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Citigroup reissued a "market outperform" rating on shares of Amazon.com in a research note on Thursday, July 10th. Three investment analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $250.35.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,335,232 shares of company stock worth $3,210,622,570. Corporate insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded up $2.25 during mid-day trading on Friday, hitting $226.13. 37,691,170 shares of the company's stock traded hands, compared to its average volume of 41,988,670. The company's 50-day moving average is $213.50 and its two-hundred day moving average is $208.59. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market capitalization of $2.40 trillion, a P/E ratio of 36.83, a PEG ratio of 1.69 and a beta of 1.33. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.